USDSGD Long Long USDSGD playing this as an sbo
USd looks strong across the board and this was probably the best set up
testing the daily 50 and price action is making obvious HH/HLs
SGDUSD trade ideas
USDSGD 25th JULY 2022Data from Singapore released today showed inflation based on the consumer price index (CPI) grew 6.7% (yoy) in June, which was the highest level in 14 years, since September 2008.
Core inflation also rose 4.4% (yoy) from May's 3.6%, and was at its highest level since December 2008.
Inflation in Singapore continues to rise, even though the Monetary Authority of Singapore (MAS) has tightened its policy three times.
SINGAPORE INFLATION
USDSGD D1
USDSGD bullish rallyUSDSGD is in bullish rally and it is forming its new Higher low, Potentially, it will follow bullish trend.
USDSGD, 1HAnalysis on USDSGD, 1H timeframe
Bearish trend
Found hammer, trend reversal indication
Took late entry & set TP
Previous LH set as SL
USDSGD | Buy Setup1. Uptrend
2. Fib level 0.38 support
3. Ranging in HH & HL
4. Bullish candle sticks
5. Trendline support
Biased Bullish
USDSGD on a Bullish Trend in 1H Timeframe After strong selling the pair has shown a Bullish Hammer right after Lowest Low. Bulls are ready to take control.
POSSIBLE SHORT USDSGD. Within the WeekThe month opened with a very aggresive breach of monthly High and has formed M pattern. Double Top above 1.40000. A retest of 1.4075 zone would be my best bet for SHORT position for the coming month.
USDSGB top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
USDSGD $USDSGD Initial LongUSDSGD $USDSGD Initial Long. TP and SL on chart. Move SL on TP. After TP2, trail with 0.5ATR step and 1.5ATR offset.
USDSGD Expected Outcome: 0.17% IncreasePrice pulled back to the horizontal support level, EMA 10 support level, and EMA 20 support level. Enter a market execution order and buy limit order.
USDSGD Sultans of SwingSingapore's economy has been dubbed the world's most open. The one that is most pro-business. Singapore has a low rate of taxation. Singapore is the wealth management capital of the region.
USDSGD Ready for short?Hi I hope all are doing well
there is a good opportunity on USDSGD
Wait for impulse down.
USDSGD - Short opportunity after RO3USDSGD - Short is another one to look out for once we see confirmation in this value area.
USDSGDWhen you know what you are looking at, when you use the right analysis skills, you can forecast the market movement even when every trader is looking it as a bearish market.
USDSGD - A REVERSAL IN PLAY - IS THIS NEW DOWNTREND?20220508 - 2302H: Weekly prints a doji after bouncing off from DKL @1.3900, while Daily Chart displays a double top with an inverse hammer. Possible reversal in progress. However, EMA displays an uptrend on all time frame. Will await a retest on DKL or a valid HiMAC Sell setup.
20220516 - 2215H: Setup is no longer valid. There is a good possibility of price entering back into channel as H4 prints a short term down trend/cyclicity.
20220517 - 1705H - With Daily Chart presenting a bearish hammer, and price entering the channel, the potential downtrend may proceed as anticipated. H1 chart shows price have shifted below our tolerence level, thus will be expecting a good pull back to retest DKL @1.39 which will be converging with SMA200 and the EMAs. This provide a good confluence of trade groups jumping in for a SELL Trade.
Bias: SELL
The future of the almighty dollar Analysis showing 38 percent corrective, Singapore dollar maintaining strength.
USDSGD 23rd MAY 2022The upward trend in inflation has prompted the US central bank to tighten monetary policy dramatically. The US benchmark interest rate, which was originally expected to rise by around 75 basis points (bps) in 2022, has drastically changed to 175 bps. For the record, the increase in the US benchmark interest rate has increased by 75 bps. An increase of 25 bps occurred in March 2022 and then rose again by 50 bps in May. This will make the dollar strengthen for the next few weeks.
Singapore’s Ministry of Home Affairs (MHA) said the following day that Somad has been known to preach "extremist and segregationist" teachings, which are "unacceptable in Singapore’s multi-racial and multi-religious society". Supporters of Indonesian preacher Abdul Somad Batubara staged protests in Jakarta and Medan, North Sumatra. Several of them held placards that read "Boycott Singapore products" As is known, Indonesia is one of Singapore's largest export markets.
USDSGD: Bullish Trend ContinuationFundamentals :
The USD continues its bullish trajectory. The SGD has weakened 0.5% already this year against the greenback.
Technical :
The USDSGD chart looks trendy.
Retracement to the 50% fib
ADX is trending
+Di has bullish pressure.
Long USDSGD
